2026 Budget for the City of Shakopee

118

2026 Annual Budget

Fund: Capital Improvement Fund

Description of Services: The Capital Improvement Fund is for the various infrastructure projects in the City. These services are overseen by the City Engineer with the assistance of other staff as required. Accomplishments:  Completed construction of the Stagecoach Road Reconstruction and Trail Improvement Project.  Partnered with Scott County to complete intersection improvements at the CR79/CR78 intersection.  Began the first phase of the Marystown Road Corridor Improvements, which is a project that has been in the planning for 10 years.  Completed the first year of the annual Reclamite Project, which has been included in the City’s overall pavement management plan. Goals/Challenges:  Infrastructure costs continue to rise, increasing the cost of annual pavement management.  New growth requires an infrastructure network designed to support the increased traffic. The city must balance the cost of maintaining the existing infrastructure with the need to provide additional capacity system-wide.  The city continues to research and develop procedures and systems to extend the life of roadways. Lower cost proactive maintenance saves the need to spend more money reconstructing infrastructure before it is needed.

Performance Measures:

Actual 2023

Actual 2024

Projected 2025

Projected 2026

Number of Projects Total Overlay Projects

6

8

7

9

$2,355,127 $2,123,055 $5,761,033

w/reconstruction

$3,220,000 $5,995,400 $4,883,000

$2,330,000 $2,580,000 $10,154,200

Total Reconstruction/Rehab Projects

$3,234,871 $1,614,639

Other Projects

Capital Improvement Plan: The city prepares a five-year capital improvement program (CIP). A separate CIP document was approved by Council on October 21, 2026. The CIP book provides a summary of each project location, description and source and use of funds.